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SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation into Fairness of Altus Power, Inc. (NYSE: AMPS) $5.00 Per Share Buyout Offer and Encourages Investors to Contact the Firm
AMPSAltus Power(AMPS) Prnewswire·2025-02-17 17:07

Core Viewpoint - Kaskela Law LLC is investigating the fairness of the buyout of Altus Power, Inc. by TPG at a price of 5.00pershare,focusingonwhethershareholdersarereceivingadequateconsiderationfortheirshares[1][3].SummarybySectionsBuyoutAnnouncementOnFebruary5,2025,AltusPowerannounceditsagreementtobeacquiredbyTPGfor5.00 per share, focusing on whether shareholders are receiving adequate consideration for their shares [1][3]. Summary by Sections Buyout Announcement - On February 5, 2025, Altus Power announced its agreement to be acquired by TPG for 5.00 per share in cash, resulting in shareholders being cashed out and the company's shares ceasing to be publicly traded [2]. Investigation Details - The investigation aims to assess if Altus Power's shareholders are receiving sufficient compensation and whether the company's officers or directors violated fiduciary duties or securities laws in agreeing to the buyout price [3]. - Analysts had set price targets for Altus Power's shares above 5.00,withatleastoneanalystrecentlytargeting5.00, with at least one analyst recently targeting 7.00 per share [3]. Shareholder Communication - Altus Power shareholders are encouraged to contact Kaskela Law LLC for information regarding their legal rights and options related to the investigation [4].